CH SUM : Contemporary Economic Issues
120 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is globalization?

  • The integration of political systems across the globe
  • The process by which businesses or other organizations develop international influence or start operating on an international scale (correct)
  • The process of isolating economies from each other
  • The restriction of trade and investment across national borders

    • What is a cause of globalization?

  • Restriction of capital movement
  • Lack of technological advancements
  • The unrestricted flow of capital (correct)
  • Trade protectionism

    • What is a characteristic of globalization?

  • Removal of cultural barriers
  • Reduction of technological advancements
  • Removal of trade barriers (correct)
  • Isolation of economic activities

    • What is an effect of globalization?

    <p>Economic Growth</p> Signup and view all the answers

    What is a result of technological convergence in globalization?

    <p>Rapid advancements in technology</p> Signup and view all the answers

    What is a role of multinational corporations in globalization?

    <p>Exploiting geographic advantages such as lower labor costs</p> Signup and view all the answers

    What is a result of cultural exchange in globalization?

    <p>Increased cultural diversity</p> Signup and view all the answers

    What is a factor that contributes to economic integration in globalization?

    <p>Standardization of laws and regulations</p> Signup and view all the answers

    What is one of the advantages of globalization?

    <p>Access to new markets and broadening of customer base</p> Signup and view all the answers

    What is a consequence of trade liberalization in globalization?

    <p>Encouragement of international trade and investment</p> Signup and view all the answers

    What is the main idea behind the concept of comparative advantage?

    <p>A country specializes in producing goods for which it has the lowest opportunity cost</p> Signup and view all the answers

    What is a result of the free movement of resources across borders in globalization?

    <p>Integration of economic activities</p> Signup and view all the answers

    What is the North-South divide primarily referring to?

    <p>The socio-economic and political differences between developed and developing countries</p> Signup and view all the answers

    What is one of the environmental problems faced by South Africa?

    <p>Loss of biodiversity due to habitat destruction</p> Signup and view all the answers

    What is a measure taken by South Africa to combat environmental degradation?

    <p>Providing subsidies and incentives for adopting renewable energy</p> Signup and view all the answers

    What is a challenge posed by globalization?

    <p>Promotion of inequality and cultural erosion</p> Signup and view all the answers

    What is the primary goal of trade theories?

    <p>To promote efficiency and specialization in trade</p> Signup and view all the answers

    What is the impact of labor market disruption in developed countries?

    <p>Job losses in developed countries due to outsourcing</p> Signup and view all the answers

    What is the main idea behind the concept of absolute advantage?

    <p>A country can produce a good more efficiently than other countries</p> Signup and view all the answers

    What is the impact of globalization on the environment?

    <p>Increased industrial activity, leading to environmental degradation</p> Signup and view all the answers

    What approach to sustainability involves educating the public about environmental issues and promoting sustainable practices?

    <p>Education and Awareness</p> Signup and view all the answers

    Which of the following is NOT an initiative to reduce emissions?

    <p>Encouraging the use of recycled materials</p> Signup and view all the answers

    What is the primary goal of sustainable environmental management?

    <p>To maintain natural resources for future generations</p> Signup and view all the answers

    What is a major environmental impact of mining and industrial activities in South Africa?

    <p>Significant environmental pollution and health issues</p> Signup and view all the answers

    What is the National Strategy for Sustainable Development aimed at?

    <p>Integrating sustainable practices into various sectors of the economy</p> Signup and view all the answers

    What is a major contributor to air pollution and greenhouse gas emissions in South Africa?

    <p>Reliance on coal and other fossil fuels</p> Signup and view all the answers

    What is a benefit of promoting public awareness about environmental issues?

    <p>Encouraging environmentally friendly practices</p> Signup and view all the answers

    What is a global initiative that South Africa participates in?

    <p>Millennium Development Goals</p> Signup and view all the answers

    What is a consequence of overgrazing and improper land use in South Africa?

    <p>Land degradation</p> Signup and view all the answers

    What is an approach to sustainability that involves engaging local communities in conservation efforts?

    <p>Community Involvement</p> Signup and view all the answers

    What is the primary driver of economic growth in a globalized economy?

    <p>Increased investment and business opportunities</p> Signup and view all the answers

    Which of the following is a key feature of multinational corporations in a globalized economy?

    <p>They exploit geographic advantages such as lower labor costs</p> Signup and view all the answers

    What is the result of technological convergence in a globalized economy?

    <p>Lowering of the cost of operations and fostering innovation</p> Signup and view all the answers

    What is the outcome of the removal of trade barriers and tariffs in a globalized economy?

    <p>Increased economic integration</p> Signup and view all the answers

    What is the impact of the free movement of resources across borders on globalization?

    <p>Integration of economic activities</p> Signup and view all the answers

    What is the result of increased global relationships in a globalized economy?

    <p>Exchange of cultural ideas and practices, influencing lifestyles and behaviors worldwide</p> Signup and view all the answers

    What is the primary driver of capital movement in a globalized economy?

    <p>The unrestricted flow of capital</p> Signup and view all the answers

    What is the outcome of standardization of laws and regulations in a globalized economy?

    <p>Facilitated international business operations</p> Signup and view all the answers

    What is the impact of trade liberalization on globalization?

    <p>Encouraged international trade and investment</p> Signup and view all the answers

    What is the outcome of technological advances in a globalized economy?

    <p>Easier and cheaper trade and sharing of information</p> Signup and view all the answers

    What is a primary concern of the North-South Divide?

    <p>Economic disparities between developed and developing countries</p> Signup and view all the answers

    Which of the following is an environmental problem in South Africa?

    <p>Overpopulation</p> Signup and view all the answers

    What is a driving force behind globalization?

    <p>Access to new markets</p> Signup and view all the answers

    What is an advantage of trade theories?

    <p>Promoting efficiency and specialization</p> Signup and view all the answers

    What is a potential drawback of cultural exchange in globalization?

    <p>Cultural erosion</p> Signup and view all the answers

    What is a measure taken by South Africa to protect the environment?

    <p>Implementing legislation requiring environmental impact assessments</p> Signup and view all the answers

    What is a consequence of labor market disruption in developed countries?

    <p>Job losses in developed countries</p> Signup and view all the answers

    What is an impact of globalization on the environment?

    <p>Environmental degradation</p> Signup and view all the answers

    What is a benefit of globalization?

    <p>Access to new markets and broadening of customer base</p> Signup and view all the answers

    What is a challenge posed by environmental deterioration in South Africa?

    <p>Threatening ecological balance and public health</p> Signup and view all the answers

    What is the primary goal of economic measures in sustainability?

    <p>To tax harmful products and charge for environmental resource usage</p> Signup and view all the answers

    Which of the following is an environmental impact of agricultural practices in South Africa?

    <p>Land degradation and overgrazing</p> Signup and view all the answers

    What is the purpose of the National Strategy for Sustainable Development in South Africa?

    <p>To integrate sustainable practices into various sectors of the economy</p> Signup and view all the answers

    Which of the following is a global initiative that South Africa participates in?

    <p>Millennium Development Goals</p> Signup and view all the answers

    What is a benefit of utilizing social media and other platforms for public awareness about environmental issues?

    <p>Promoting sustainable practices and environmentally friendly behaviors</p> Signup and view all the answers

    What is the primary goal of legislation and regulation in sustainability?

    <p>To implement laws that protect the environment and ensure sustainable standards</p> Signup and view all the answers

    What is a major contributor to environmental degradation in South Africa?

    <p>Energy production and reliance on fossil fuels</p> Signup and view all the answers

    What is an approach to sustainability that involves informing the public about environmental issues?

    <p>Education and awareness</p> Signup and view all the answers

    What is the primary goal of community involvement in sustainability?

    <p>To engage local communities in conservation efforts and sustainable development projects</p> Signup and view all the answers

    What is a consequence of implementing initiatives to reduce emissions in South Africa?

    <p>Decreased air pollution and greenhouse gas emissions</p> Signup and view all the answers

    What is the primary consequence of the North-South divide in terms of trade patterns?

    <p>Developed nations tend to export raw materials while importing high-value manufactured goods.</p> Signup and view all the answers

    What is the main advantage of promoting public awareness about environmental issues in South Africa?

    <p>It promotes sustainable development and ecological balance.</p> Signup and view all the answers

    What is the primary reason behind the implementation of legal and policy measures to combat environmental degradation in South Africa?

    <p>To protect the environment and public health.</p> Signup and view all the answers

    What is the primary consequence of labor market disruption in developed countries?

    <p>Job losses in developed countries due to outsourcing to regions with cheaper labor.</p> Signup and view all the answers

    What is the primary goal of trade theories?

    <p>To promote efficiency and specialization in production.</p> Signup and view all the answers

    What is the primary impact of globalization on the environment?

    <p>It increases environmental degradation and pollution.</p> Signup and view all the answers

    What is the primary benefit of access to new markets through globalization?

    <p>It broadens the customer base and increases economic growth.</p> Signup and view all the answers

    What is the primary consequence of inequality in the context of globalization?

    <p>It increases economic disparities between and within countries.</p> Signup and view all the answers

    What is the primary goal of sustainable environmental management?

    <p>To balance economic development with environmental protection and conservation.</p> Signup and view all the answers

    What is the primary challenge posed by environmental deterioration in South Africa?

    <p>It poses a significant threat to ecological balance and public health.</p> Signup and view all the answers

    What is the primary purpose of the National Strategy for Sustainable Development in South Africa?

    <p>To integrate sustainable practices into various sectors of the economy</p> Signup and view all the answers

    Which of the following is a major environmental impact of agricultural practices in South Africa?

    <p>Land degradation and soil erosion</p> Signup and view all the answers

    What is the primary goal of economic measures in sustainable environmental management?

    <p>To promote sustainable practices through financial incentives</p> Signup and view all the answers

    What is the primary driver of environmental deterioration in South Africa?

    <p>Mining and industrial activities</p> Signup and view all the answers

    What is the primary benefit of promoting public awareness about environmental issues?

    <p>Enhanced environmental sustainability</p> Signup and view all the answers

    Which of the following is an approach to sustainability?

    <p>Legislation and regulation</p> Signup and view all the answers

    What is the primary goal of community involvement in sustainable environmental management?

    <p>To engage local communities in conservation efforts</p> Signup and view all the answers

    What is the primary consequence of overgrazing and improper land use in South Africa?

    <p>Land degradation and soil erosion</p> Signup and view all the answers

    What is the primary goal of initiatives to reduce emissions?

    <p>To reduce the environmental impact of human activities</p> Signup and view all the answers

    Which of the following is a global initiative that South Africa participates in?

    <p>The Millennium Development Goals</p> Signup and view all the answers

    Which of the following is a characteristic of economic integration in globalization?

    <p>Removal of trade barriers, making it easier to buy and sell goods internationally</p> Signup and view all the answers

    What is the primary driver of capital movement in a globalized economy?

    <p>Unrestricted flow of capital</p> Signup and view all the answers

    What is the outcome of the integration of economic activities in globalization?

    <p>Economic development and growth</p> Signup and view all the answers

    What is the effect of technological convergence on globalization?

    <p>Lowering the cost of operations and fostering innovation</p> Signup and view all the answers

    What is the result of cultural exchange in globalization?

    <p>Increased global relationships lead to an exchange of cultural ideas and practices</p> Signup and view all the answers

    What is the role of multinational corporations in globalization?

    <p>Exploiting geographic advantages</p> Signup and view all the answers

    What is the outcome of trade liberalization in globalization?

    <p>Encourages international trade and investment</p> Signup and view all the answers

    What is the effect of the free movement of resources across borders in globalization?

    <p>Facilitates the movement of goods, services, capital, and labor</p> Signup and view all the answers

    What is the characteristic of globalization that marks the integration of economic activities?

    <p>Free movement of resources across borders</p> Signup and view all the answers

    What is the outcome of the integration of cultural activities in globalization?

    <p>Increased global relationships lead to an exchange of cultural ideas and practices</p> Signup and view all the answers

    Which of the following is a consequence of the integration of economic activities in globalization?

    <p>Economic growth and development</p> Signup and view all the answers

    What is a primary driver of capital movement in a globalized economy?

    <p>The unrestricted flow of capital</p> Signup and view all the answers

    Which of the following is a characteristic of technological convergence in globalization?

    <p>Rapid advancements in technology</p> Signup and view all the answers

    What is a primary cause of cultural exchange in globalization?

    <p>Increased global relationships</p> Signup and view all the answers

    Which of the following is an advantage of economic integration in globalization?

    <p>Removal of trade barriers and increased investment opportunities</p> Signup and view all the answers

    What is a consequence of the standardization of laws and regulations in globalization?

    <p>Facilitation of international business operations</p> Signup and view all the answers

    Which of the following is a result of the free movement of resources across borders in globalization?

    <p>Economic growth and development</p> Signup and view all the answers

    What is a characteristic of multinational corporations in a globalized economy?

    <p>Exploitation of geographic advantages such as lower labor costs</p> Signup and view all the answers

    Which of the following is a consequence of trade liberalization in globalization?

    <p>Encouragement of international trade and investment</p> Signup and view all the answers

    What is a primary driver of economic growth in a globalized economy?

    <p>Increased global relationships and investment opportunities</p> Signup and view all the answers

    What is the primary goal of initiatives to reduce emissions?

    <p>To reduce environmental impact</p> Signup and view all the answers

    What is the role of community involvement in sustainable environmental management?

    <p>To engage local communities in conservation efforts</p> Signup and view all the answers

    What is the primary consequence of overgrazing and improper land use in South Africa?

    <p>Land degradation</p> Signup and view all the answers

    What is the main goal of the National Strategy for Sustainable Development in South Africa?

    <p>To integrate sustainable practices into various sectors</p> Signup and view all the answers

    What is the primary driver of environmental deterioration in South Africa?

    <p>Mining and industrial activities</p> Signup and view all the answers

    What is the primary benefit of promoting public awareness about environmental issues?

    <p>To raise awareness about environmental issues</p> Signup and view all the answers

    What is the primary goal of education and awareness in sustainable environmental management?

    <p>To inform the public about environmental issues</p> Signup and view all the answers

    What is the primary initiative to reduce emissions?

    <p>Improving public transportation</p> Signup and view all the answers

    What is the primary consequence of mining and industrial activities in South Africa?

    <p>Environmental pollution and health issues</p> Signup and view all the answers

    What is the primary goal of legislation and regulation in sustainable environmental management?

    <p>To ensure that industries comply with sustainable standards</p> Signup and view all the answers

    What is the primary effect of globalization on the cultural landscape?

    <p>Homogenization of cultures</p> Signup and view all the answers

    How does the concept of comparative advantage contribute to international trade?

    <p>By encouraging countries to specialize in goods with low opportunity cost</p> Signup and view all the answers

    What is the primary objective of the National Environment Management Act in South Africa?

    <p>To conduct environmental impact assessments</p> Signup and view all the answers

    How does globalization affect the labor market in developed countries?

    <p>It causes job losses due to outsourcing</p> Signup and view all the answers

    What is the primary consequence of environmental deterioration in South Africa?

    <p>Threats to ecological balance and public health</p> Signup and view all the answers

    What is the primary goal of sustainable environmental management?

    <p>To reduce pollution and environmental degradation</p> Signup and view all the answers

    How does the concept of absolute advantage relate to international trade?

    <p>A country can produce a good more efficiently than other countries</p> Signup and view all the answers

    What is the primary consequence of the North-South divide?

    <p>Significant income gap between developed and developing countries</p> Signup and view all the answers

    What is the primary impact of globalization on the economy?

    <p>Promotes economic growth, cultural exchange, and innovation</p> Signup and view all the answers

    What is the primary goal of trade theories?

    <p>To promote efficiency and specialization in production</p> Signup and view all the answers

    More Like This

    Understanding Economics through International Trade
    12 questions

    Understanding Economics through International Trade

    ExquisiteDysprosium4345 avatar
    ExquisiteDysprosium4345
    International Trade in Economics
    5 questions

    International Trade in Economics

    NoteworthyRevelation avatar
    NoteworthyRevelation
    Globalization and International Trade
    15 questions

    Globalization and International Trade

    GratifyingBinomial avatar
    GratifyingBinomial
    Understanding Globalization and International Business
    10 questions

    Understanding Globalization and International Business

    EminentPopArt796 avatar
    EminentPopArt796
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser